NiCo announces new leadership

New leadership is in store for ASX-listed NiCo Resources after announcing the resignations of founding non-executive chairman Warren Hallam and chief executive Rod Corps. 

NiCo, a spinout of Metals X’s nickel assets, debuted on the ASX in January 2022.

It raised $12 million from its initial public offering of 20 cents per share.

The outgoing executives and their successors have a history of working together at various companies including Metals X and Capricorn Metals.

Founding non-executive chairman Mr Hallam resigned from the board “due to other commitments and opportunities,” according to NiCo.

Mr Hallam was previously the managing director of Metals X for 14 years until 2018. 

He will be succeeded by Peter Cook, who is a geologist and mineral economist with more than 35 years’ experience as a resources sector executive.

Mr Cook is currently the non-executive chairman of Breaker Resources, Titan Minerals and Castile Resources and was the joint founder of Metals X.

Outgoing chief executive Mr Corps will step back to a non-executive director role and will be replaced by Jonathan Shellabear.

Mr Shellabear has worked as a geologist, resource analyst, senior corporate executive and investment banker in the Australian and global mining industry.

He was the chief executive of Dominion Mining and Heron Resources, and has held senior roles at Portman Limited and Capricorn Metals.

The company’s main asset is the Wingellina nickel and cobalt project located at the tripoint of the Western Australian, Northern Territory and South Australian borders.

NiCo believes the asset is the largest undeveloped nickel and cobalt project in Australia.

“I am thrilled that the company has been able to attract these highly skilled and dynamic executive to the board, who are proven performers, to oversee the governance of the company and the progression of the world-class Wingellina Ni-Co project on international markets,” Mr Corps said.

“I also express my sincerest gratitude and thanks to outgoing founding chairman, Warren Hallam, for his considerable efforts in guiding the company through listing and the period since.”

NiCo’s chief financial officer Teck Lim has also announced his resignation, effective April 21.